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Firm and establishment volatility : the role of sunk costs, profit uncertainty and technological change
Ghosal, Vivek - 2003
The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...
Persistent link: https://www.econbiz.de/10011508062
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Firm and Establishment Volatility : The Role of Sunk Costs, Profit Uncertainty and Technological Change
Ghosal, Vivek - 2021
The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...
Persistent link: https://www.econbiz.de/10013319863
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Mergers and rivals' mark-ups: Evidence from European paper manufacturers
Marinov, Rosen - 2007
This paper investigates the effect of merger-driven market concentration on the markups of non-merging rival firms in …-year period, we aim to disentangle the impact of full-scale mergers and acquisitions from that due to other concentration …
Persistent link: https://www.econbiz.de/10010316731
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Antitrust Policy for Two-Sided Markets
Hovenkamp, Erik - 2018
As technology and interconnectivity have continued to flourish, so too has an important and complex form of enterprise: the platform. Services like Uber, Google Search, Hulu, and American Express cater to distinct but deeply-interdependent “sides” of customers that derive value or revenues...
Persistent link: https://www.econbiz.de/10012927817
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Local market structure and consumer prices : evidence from a retail merger
Rickert, Dennis; Schain, Jan Philip; Stiebale, Joel - 2018
change in retail concentration. In contrast, we estimate price declines in regions that did not experience a rise in … concentration but were potentially affected by cost savings within the merged entity. We also provide evidence that remedies imposed …
Persistent link: https://www.econbiz.de/10011781038
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Chapter 6. Merger Policy and Regulation in Media Industries
Foros, Øystein; Kind, Hans Jarle; Sørgard, Lars - 2015
The aim of this chapter is to survey the media economics literature on mergers. In particular, we try to accentuate where the effects of mergers differ between conventional one-sided markets and two-sided media markets (though not all media mergers are within two-sided markets). We focus on...
Persistent link: https://www.econbiz.de/10014025247
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Competition and corporate control in partial ownership acquisitions
Stühmeier, Torben - 2016
Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...
Persistent link: https://www.econbiz.de/10011422847
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Competition and corporate control in partial ownership acquisitions
Stühmeier, Torben - 2016
Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...
Persistent link: https://www.econbiz.de/10011429072
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Market concentration and business survival in static v dynamic industries
Burke, Andrew; Hanley, Aoife - 2009
We propose that the effect of market concentration on firm survival is different according to whether an industry is … static (low entry and exit) or dynamic. In our empirical analysis we find support for this hypothesis. Industry concentration … increase in the 5-firm concentration ratio in a dynamic market raises the survival rate of new ventures by approximately 2 …
Persistent link: https://www.econbiz.de/10003829928
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Country Cartels
Bernhardt, Dan - 2014
We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when...
Persistent link: https://www.econbiz.de/10013045808